Corporate Presentation

June, 2013

Disclaimer

Corporate information provided herein contains forward-looking information and pro forma calculations. The reader is cautioned that the assumptions used in the preparation of such information and calculations, which are considered reasonable by Petro Verde Energy Inc. at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast and prior periods will vary from the information provided herein and the variations may be material. There is no representation by Petro Verde Energy Inc. that actual results achieved during the forecast and prior periods will be the same in whole or in part as those projected. In addition, the technologies described herein are early-stage and future results may differ from those anticipated.

Overview

• Strategy:

Acquire and develop existing oilfields.

Focus on Canada initially.

Enhanced Oil Recovery (EOR) to increase reserves.

• Competitive advantages:

Track record – four prior successes in oilfield development.

Deal-flow network.

Unique access to proven EOR technologies.

• Investment Concepts:

Private equity investor has been committed.

Excellent acquisition opportunities for enhanced oil recovery.

Limited Partnership for companion financing.

Who We Are

• Emerging private company based in Calgary, Alberta.

• This is the 5th start-up oil co. of Jeff Arsenych (CEO).

• Focus on oil development through joint ventures and acquisitions in Canada and select parts of USA.

• Deploy proven Enhanced Oil Recovery (“EOR”) technologies, where advantageous.

• Core team has depth of expertise in key disciplines, plus a history of oil development and EOR.

• Team collectively has been involved in 12 oil and gas junior producers or service providers (most have worked together in different companies).

Prior Companies of Jeff Arsenych

Ravenwood Energy Corp.

2003-current Involvement 2003-09 3,000 boe/d (2011) Currently active and managed by co-founder

Neutrino Resources Inc.

1994-1998 4,000 boe/d exit 18 million boe P+P reserves 35% IROR on 1st placement

2000-2003 1,100 boe/d exit 4 million boe P+P reserves 38% IROR on 1st placement

1994-1997 Side-car to Neutrino Participated in gas acquisition 54% IROR on 1st placement

Management Team

CEO: Jeff Arsenych, B.A., M.B.A.

30 years experience in acquisitions, corporate finance, new ventures

co-founded four successful oil and gas start-ups in Canada

$500 million deal track record in business development

VP - Land & Acquisitions: Bob Howard, P.Land

36 years experience in joint venture negotiations and acquisitions

track record in finding quality deals and formulating “win-win” contracts

former executive of 3 oil companies (Arsenal, Best Pacific, Deep Resources)

Chairman / Acting COO: Dan Motyka, B.Sc.(M.E.), P.Eng.

50 years experience in petroleum operations in Canada / International

former VP – Operations for Gulf Canada

former President of Questor Technology

Management Team

CFO: Brian Hearst, C.A. A Chartered Accountant with 34 years oil and gas finance and accounting experience in Canada, Russia, South America, and India Former CFO of 3 emerging oil companies: Canacol (South America), CEH

International Petroleum – now PetroKamchatka (Russia), and Vision 2000 Exploration – now Yoho Resources (Canada)

Operations Advisor: John Wearing, B.Sc. (C.E.), P.Eng.

30 years experience in oilfield operations including unconventional

former VP - Operations with Quadrise (oil sands technology)

former VP - Operations for Gulf Indonesia (oil and gas production)

Board Secretary: Valentina Rublevsky, B.A.(Econ)

14 years experience in corporate administration and governance

former Director of Corporate Services with CTI Resources

(part-time)

(part-time)

Technical Team

Geologist: Graham Riley, B.Sc. (Geol.)

33 years experience in development geology

major oil companies: Petro-Canada (now Suncor), Numac, Hunt Oil

junior oil companies: Stylus, Equis, Tusk

Vice-Chairman / Engineering Advisor: John Loh, B.Sc.(P.E.), P.Eng.

50 years experience in petroleum operations in Canada, U.S., International

track record in reservoir/production engineering and drilling technology

former President of PetroGlobe, former executive with major and junior oils

EOR Advisor: Gawdat Ibrahim, B.Sc./M.Sc.(M.E.), D.Eng.(P.E.), P.Eng.

35 years experience in reservoir engineering and property evaluations

track record in heavy oil development and enhanced oil recovery

co-founder of Del Roca (junior oil & gas company, later sold to Tusk)

(part-time)

International Team (Separately Financed)

CEO: Allan MacRae, B.Sc.(Mining Eng.), M.Eng., P.Eng., A.I.P.N.

40 years engineering, corporate finance, project management, and

executive experience in the Canadian and International oil and gas sectors.

Senior executive in 3 international oil and gas companies (including

President of a public company).

VP - Asia: John Redfern, B.Sc.(E.P.), LL.B., M.B.A.

24 years business development in energy and data management.

Former President of IHS Energy, QC Data/Accumap, Partminer Asia.

Former Operations Director & Gas Trader – Amerada Hess.

VP – Europe & Middle East: Robert Winsloe, B.Sc. (M.E.)

30 years international marketing and management experience in energy

services including with Halliburton, IBM, Schlumberger, IHS Energy.

President of Digital Earth, a data management and service company for

the international energy industry. (part-time)

(part-time)

Corporate Strategy

• Target established reserves – the easiest oil to find is that which has already been discovered.

• Focus on responsible oil development and exploitation via acquisitions and joint ventures.

• Disciplined approach to deal-making and value creation.

• Effective risk management is key.

• Priorities: 1) cash flow generation and growth. 2) value-leveraged reserve additions.

• Ultimate objective: “build to sell.”

Risk Management

• Risk capital management: - homework, planning, economic discipline

• Milestone evaluation: - performance phases, learn lessons, adjust plan

• Portfolio diversification: - multiple projects, objectives, geography, products

• Cost management: - zero-based budgeting to reduce costs - 3rd party processing revenue to offset costs

• Appropriate financing: - debt used only when cash flow is certain

Value Creation

Acquisition Costs

Development Capital

Base Cash Flow

OpCost Savings

Base Case Net Present Value

Base Case

IROR (cum)

10%

Development Program

35%

+

Present Value

-

Capital

Opportunity Landscape - Alberta

50.7

1.4

16.1

Alberta 2009 Conventional Oil In Place (Billions of Barrels)

24% Recovered

2% Remaining

74% Unexploited

1% additional recovery out of 68.2 billion barrels original conventional oil in place = 682 million barrels additional reserves in Alberta alone. More than 1 billion barrels when including Saskatchewan.

2006 ESTIMATE OF ORIGINAL OIL IN PLACE (BILLIONS OF BARRELS) *

10.3%

11.7%

78.0%

1,011 PRODUCED 1,147 REMAINING 7,642 STRANDED

* Oil & Gas Journal, Nov 2007: Ivan Sandrea (Statoil), Rafael Sandrea (IPC)

Each 1% increase in the recovery factor on 9.8 trillion barrels of OOIP would yield 98 billion barrels of oil reserves – the equivalent of the UAE oil reserves (the 5th largest in the World).

Opportunity Landscape - Worldwide

Enhanced Waterflood Technologies

Waterflood

Oil Well Water Injector

When reservoir pressure depletes from primary oil production, injecting water into the reservoir is a way to maintain pressure and improve ultimate oil recovery. “Waterfloods” are used in most reservoirs where porosity and permeability are sufficient to allow for an effective “sweep”. Aquifer

Reservoir

Cap Rock

Non-potable water is sourced from an approved aquifer for injection in a waterflood program. Produced water is treated and then re-injected into the oil-bearing formation.

Microbial Enhanced Oil Recovery (MEOR)

• Target: existing sandstone waterfloods.

• Nutrients are injected to activate targeted microbes already in the formation.

• Low cost: existing facilities are used ($7 to $12 per barrel all-in incremental cost).

• Low Risk: max. $50 K risk capital per project with first response within 2 to 3 months.

• Petro Verde is the strategic partner for the MEOR owner in resource capture ventures.

• 1,100 active waterfloods in Alberta alone.

MEOR – How It Works

• Nutrient injections change the behavior of indigenous microbes.

• Microbes multiply and attach to the surface area of oil droplets.

• Reduced surface tension – smaller droplets created.

• Potential micro-emulsions may help plug water thief pathways.

• More oil is produced: 5% to 10% extra recovery factor.

Field Performance

• 106 applications in three years on 15 fields.

• 89% success for increased production.

• 127% average production increase for individual wells (25% to 30% on field basis).

• Husky success in SW Saskatchewan: - 22o to 24o API, 40-year old waterflood (95% w.c.) - 200% oil production increase, 10% water cut decrease

• Venoco success in Southern California: - 22o to 26o API, 30-year old waterflood (89% w.c.) - 30% oil production increase, 2% water cut decrease

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Additional Waterflood Technologies

• Hydraulic pulse:

- mechanical action at water injectors

- greater sweep efficiency

• MFD water cleaning:

- non-toxic nano-material, fast-acting

- less than 1 ppm residual particles

• Combined approach for optimal results.

Value Creation

Acquisition Costs

Development Capital

Enhanced Waterflood

Base Cash Flow

OpCost Savings

Base Case Net Present Value

Base Case

IROR (cum)

10%

Development Program

35%

Enhanced Waterflood

50%+

+

Present Value

-

Capital

Environmental Benefits

Environmental Footprint

• Enhanced waterflood technologies: - target existing, mature oilfields - have little or no capital requirements - recover incremental reserves

• Full-cycle cost of enhanced waterflood: - $7 to $12 per incremental barrel - 20% to 33% of conventional oil - no greenfield developments

• Reduced inputs = reduced emissions.

Texas Oilfield Example (API GHG Compendium 2009)

Oilfield Case Study Metrics: • 320 wells + typical conventional operations • 6,100 barrels/day + associated gas • 343 operating days per year • 2.1 million barrels annual production • 110,000 MT of GHG impact from operations • 52.6 Kg GHG emissions/barrel produced

Enhanced Waterflood Assumptions: • 30% increase in oilfield production • 25% of input cost (13.1 Kg/bbl) • 2.7 million barrels annual production • 118,250 MT of GHG from operations • 43.5 Kg GHG emissions/bbl produced

Calculated Result: 9.1 Kg GHG Reduction

Per Barrel Oil Produced

World GHG Opportunity CRUDE OIL: 4,028.1 million MTe in 2010 * 33.6% of total energy ASSUME: 25% for enhanced waterflood X 30% production increase = 1,309.1 million MTe affected X 63.7 Kg/MT GHG reduction (9.1 Kg/Bbl x 7 bbls/MT) RESULT: = 83.4 million MT GHG credits

16.4 million cars / year

BIODIESEL: 15.8 million MTe in 2010 * 0.1% of total energy ASSUME: 2.4 Kg/litre GHG credit (2.4 MT/MT biodiesel) X 15.8 million MTe RESULT: = 37.9 million MT GHG credits

7.4 million cars / year

* BP 2011 Statistical Review

Corporate Structure

& Financing

Finance

• Private Equity:

Private investment company is committed.

Initial $15 million equity, with more available.

Targeting mature waterfloods for EOR development.

• Limited Partnership:

Private LP to co-invest with Petro Verde.

Minimum $100 million with target $500 million initially.

• Debt:

Strategic relationships for conventional debt financing.

Unique structured debt financing is pending.

Governance

• Board of Directors:

Currently Jeff Arsenych, Dan Motyka & John Loh.

All have extensive public director/CEO experience.

Board to be expanded with new investors.

• Philosophy:

A strong, engaged board is a competitive advantage.

The board provides strategic direction and governance.

• Performance:

The board approves budgets and objectives.

The board reviews performance and value creation.

Contacts

Petro Verde Energy Inc. 3300, 421 – 7th Avenue S.W. Calgary, Alberta CANADA T2P 4K9

Jeff Arsenych, +1 403 807 8444 President & CEO jarsenych@petro-verde.com Allan Macrae, +1 403 875 4830 President, amacrae@petro-verde.com International Group

End of Corporate Presentation